thanks for your reply. Most of you here have added some clarity. I thank you guys as well. However...something still does not make sense with all of the explanations. Why? According to the ATPG yahoo profile, this co has 715 billion cubic feet of prved natural gas reserves. So even if I take the lowest figure out of all of you guys here and say they can get $3 a cubic foot which seems very very low, the value of this co is over a ...no le tme not even say the number. It is 715 billion times 3!!!!!! This is an impossible valuation. So is yahoo mistaken? Does anyone have the hard copy 10Q that says what the provable reserves are and what is its net cost to sell/ship the gas. Include oil too if youd like. 715 billion? Even if it were 71 billion, take off a whole digit, this still doesnt make any sense! Anyone agree?
To arrive at a cubic ft conversion, natural gas is priced at $#11.50 or so per mmbtu. 1 mmbtu = 970.870 cu ft of gas (at a given temperature). So you need to recalculate. Pax
Thank you pax, thats the number I need to do my math. Period. -) Its amazing how all of us should know that number "before" buying this stock but we dont do Our homework. I had been using different numbers altogether but they arent as accurate as yours. Thanks for the heads up.